NYT: DeJoy made millions from company that profits on USPS delays

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The New York Times reports on financial documents that show Postmaster General Louis DeJoy made millions in 2019 from XPO Logistics.

XPO Logistics “assists the Postal Service during busy shipping periods, such as around the holidays, moving bulk shipments of packages from fulfillment centers and taking them to local Postal Service centers so mail carriers can deliver them to residences.”

This might be the most concrete proof so far that DeJoy stands to profit from slowing down the United States Postal Service. Even worse is that the Office of Government Ethics knew this already.

Postmaster General Louis DeJoy, who has come under fire for his continuing financial ties to a company that does business with the Postal Service, received $1.2 million to $7 million in income last year from that firm, according to financial disclosure forms reviewed by The New York Times.

Mr. DeJoy continues to hold $25 million to $50 million in that company, XPO Logistics, where he served as the chief executive of the company’s supply chain business until 2015 and was a board member until 2018. Documents filed with the Office of Government Ethics show that Mr. DeJoy also received millions of dollars in rental payments from XPO through leasing agreements at buildings that he owns.

The New York Times

Source

https://www.nytimes.com/2020/08/17/us/politics/dejoy-postal-service-mail-in-voting.html?searchResultPosition=3

Photo: Sarah Gilbert

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